Trading method #1 (9 EMA Entries)
Submitted by Edward Revy on January 19, 2009 - 05:37.
Think about entries.
When your trading strategy says: enter on the cross of Stochastic lines, on the cross of MACD lines, when RSI comes from oversold/bought zone, when two moving averages cross, when divergence occur etc etc. When exactly do you enter?
Usually you would just visually double check that there is a signal from your indicator and then enter on the close of a signal bar.
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hi edward,
what other indicator[s} does stephen use..please let us know.
many thanks in advance,
tommy
Hi Stephen,
Yes, that's a valid signal. The Close below 9 EMA actually happened even before MACD cross, but it only adds more confirmation in such cases.
Best regards,
Edward
Hi Edward - Great looking strategy. I love the simplicity of it!
Just one quick question:
If i understand the method correctly is that a confirmed short signal on the second graph when the MACD first crosses to go short? (as the price bar has also closed below the 9EMA)
Thanks,
Stephen.
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